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2023
Exports $91.5MWorld Rnk 47 / 198
Flag Rnk 74 / 96
2023
Destination $6.09M Spain
2022 - 2023
FASTEST GROWING MARKET $6.09MNigeria
2023
PRODUCT COMPLEXITY IN Products of the milling industry0.81Rnk 248 / 1025
2023
Imports $182MWorld Rnk 39 / 225
Flag Rnk 66 / 96
2023
Origin $2.55M Spain
2022 - 2023
FASTEST GROWING ORIGIN $2.55MNetherlands
2023
ECONOMIC COMPLEXITY of Portugal0.57Rnk 42 / 132

About

Exports In 2023, Portugal exported $91.5M in Products of the milling industry, making it the 47th largest exporter of Products of the milling industry in the world. At the same year, Products of the milling industry was the 74th most exported product in Portugal. The main destination of Products of the milling industry exports from Portugal are: Spain ($44.7M), Angola ($11.4M), Nigeria ($8.7M), Sao Tome and Principe ($3.86M), and United Kingdom ($3.5M).

The fastest growing export markets for Products of the milling industry of Portugal between 2022 and 2023 were Nigeria ($6.09M), Spain ($3.86M), and United Kingdom ($2.04M).

Imports In 2023, Portugal imported $182M in Products of the milling industry, becoming the 39th largest importer of Products of the milling industry in the world. At the same year, Products of the milling industry was the 66th most imported product in Portugal. Portugal imports Products of the milling industry primarily from: Spain ($120M), Netherlands ($12.5M), Romania ($6.97M), France ($6.9M), and Germany ($6.59M).

The fastest growing import markets in Products of the milling industry for Portugal between 2022 and 2023 were Netherlands ($2.55M), Brazil ($1.63M), and United Kingdom ($1.26M).

Latest Trends

November 2024

About

Overview In November 2024 Portugal's Products of the milling industry exports accounted up to €7.34M and imports accounted up to €11.1M, resulting in a negative trade balance of €3.74M. Between November 2023 and November 2024 the exports of Portugal's   Products of the milling industry have increased by €463k (6.73%) from €6.88M to €7.34M, while imports decreased by €-708k (-6%) from €11.8M to €11.1M.

Destinations In November 2024, Products of the milling industry were exported mostly to Spain (€3.17M), Romania (€632k), Angola (€456k), United Kingdom (€441k), and Latvia (€306k), and were imported mostly from Spain (€7.97M), Germany (€515k), Belgium (€472k), Brazil (€373k), and Italy (€338k).

Growth In November 2024, the increase in Products of the milling industry's year-by-year exports was explained primarily by an increase in exports to Spain (€995k or 36.2%), Cape Verde (€286k or 544%), and France (€172k or 91.9%). In November 2024, the decrease in Products of the milling industry's year-by-year imports was explained primarily by a decrease in imports from Israel (€-284k or -100%), Japan (€-66.5k or -93.8%), and Poland (€-51.3k or -54.3%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (November 2023 - November 2024)€463k(6.73%)
IMPORT GROWTH (November 2023 - November 2024)€-708k(-6%)
MAIN DESTINATION (November 2024)Spain€3.17M

This section shows Products of the milling industry's exports and imports data at subnational level for Portugal. Click any date in the line plot, any subnational region in the geomap, or any destination or origin country to explore the exports or imports behavior of Products of the milling industry over time.

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Historical Data

Trade Balance

Color
EXPORTS (2023)$91.5M
IMPORTS (2023)$182M
NET TRADE (2023)-$90.2M

In 2023, Portugal exported $91.5M in Products of the milling industry. The main destinations of Portugal exports on Products of the milling industry were Spain ($44.7M), Angola ($11.4M), Nigeria ($8.7M), Sao Tome and Principe ($3.86M), and United Kingdom ($3.5M).

In 2023, Portugal imported $182M in Products of the milling industry, mainly from Spain ($120M), Netherlands ($12.5M), Romania ($6.97M), France ($6.9M), and Germany ($6.59M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Products of the milling industry EXPORT MARKETS FOR Portugal WERE (2022 - 2023):
Nigeria$6.09M (234%)
Spain$3.86M (9.47%)
United Kingdom$2.04M (139%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Products of the milling industry BY Portugal WERE (2022 - 2023):
South Africa-$2.15M (-43.5%)
Sao Tome and Principe-$1.63M (-29.7%)
Netherlands-$696k (-43.9%)
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Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, Portugal's main exporting competitors in Products of the milling industry were:
Germany $2.58B
Turkey $1.92B
Belgium $1.81B
In 2023, Portugal's main importing competitors in Products of the milling industry were:
United States $2.82B
China $2.08B
Netherlands $1.21B

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Trade Value of Products of the milling industry by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALFrance+ $1.36M
TOP IMPORT POTENTIALGermany+ $3.13M

Products of the milling industry’s highest export potential is France. With an export gap of $1.36M.   Products of the milling industry’s highest import potential is Germany with an import gap of $3.13M.

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